Covenant Logistics Group, Inc.
Description
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
About
CEO
Mr. David Ray Parker
Employees
2,900
Instrument type
Common Stock
Sector
Industrials
Industry
Trucking
MIC code
XNYS
Address
400 Birmingham Highway, Chattanooga, TN 37419, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 22, 2026 | — | — | — | — |
| Oct 21, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Jan 24, 2025 | 0.49 | 0.49 | 0.00 | 0.00% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 4 | 4 | 4 | 4 |
| Average estimate | 0.41 | 0.56 | 2.19 | 2.77 |
| Low estimate | 0.40 | 0.53 | 2.10 | 2.60 |
| High estimate | 0.43 | 0.59 | 2.27 | 2.87 |
| Last year EPS | 0.42 | 0.52 | 1.98 | 2.19 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-1.790%
Next qtr. (Jun 2025)
7.690%
Current year (Dec 2025)
10.730%
Next year (Dec 2026)
26.230%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.10B | 1.22B | 1.05B | 838.56M | 885.39M |
| Cost of revenue | 939.37M | 1.03B | 898.72M | 729.01M | 780.47M |
| Gross profit | 164.20M | 185.99M | 147.28M | 109.55M | 104.92M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 104.56M | 93.69M | 73.02M | 93.09M | 84.78M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 46.24M | 80.36M | 63.36M | 4.84M | 7.12M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 7.97M | 3.08M | 2.79M | 6.84M | — |
| Other income expense | 33.97M | 65.52M | 18.58M | -14.92M | 8.67M |
| Pretax income | 72.24M | 142.79M | 79.15M | -16.92M | 7.57M |
| Tax provision | 17.61M | 34.86M | 20.96M | -2.80M | 2.35M |
| Net income | 55.23M | 108.68M | 60.73M | -42.72M | 8.48M |
| Basic EPS | 4.23 | 7.24 | 3.61 | -2.46 | 0.46 |
| Diluted EPS | 3.99 | 7.00 | 3.61 | -2.46 | 0.45 |
| Basic average shares | 13.05M | 15.01M | 16.80M | 17.36M | 18.44M |
| Diluted average shares | 13.05M | 15.01M | 16.80M | 17.36M | 18.44M |
| EBITDA | 137.57M | 163.07M | 132.03M | 74.26M | 86.00M |
| Net income from continuing op. | 55.23M | 108.68M | 60.73M | -42.72M | 8.48M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 954.44M | 796.65M | 651.66M | 676.72M | 881.64M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.29M | 68.67M | 8.41M | 8.41M | 43.59M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 142.50M | 119.77M | 142.36M | 91.30M | 81.21M |
| Other receivables | 4.37M | 3.80M | 8.79M | 13.62M | 8.51M |
| Inventory | 4.85M | 3.52M | 3.32M | 3.12M | 4.21M |
| Prepaid assets | 17.88M | 15.75M | 12.54M | 11.92M | 11.71M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | 6.78M | 5.96M | 2.93M | 15.01M | 98.63M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 531,000 | 367,000 | — | 265,000 | 1.13M |
| Non current assets | |||||
| Properties | 573.46M | 495.34M | 429.02M | 466.67M | 626.11M |
| Land and improvements | 11.75M | 11.72M | 16.34M | 16.60M | 23.40M |
| Machinery furniture equipment | — | — | — | — | 6.19M |
| Construction in progress | 2.97M | 16.08M | 866,000 | 695,000 | 400,000 |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -177.88M | -211.95M | -171.92M | -149.82M | -208.18M |
| Goodwill | 251.11M | 164.60M | 105.51M | 109.55M | 114.65M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 99.62M | 48.17M | 20.48M | 24.52M | 29.62M |
| Investments and advances | 66.33M | 54.73M | 44.20M | 34.37M | 31.91M |
| Other non current assets | 12.15M | 5.14M | 9.46M | 36.07M | 6.01M |
| Total liabilities | 551.02M | 419.52M | 301.96M | 386.07M | 531.53M |
| Current liabilities | |||||
| Accounts payable | 33.16M | 33.90M | 29.91M | 31.70M | 19.50M |
| Accrued expenses | 76.75M | 79.82M | 83.90M | 68.76M | 53.64M |
| Short term debt | 60.38M | 42.40M | 28.38M | 31.47M | 81.69M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | 557,000 | 1.46M | 6.43M |
| Non current liabilities | |||||
| Long term debt | 233.08M | 137.23M | 45.87M | 80.12M | 267.07M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 116.10M | 98.72M | 84.66M | 74.55M | 80.33M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 14.17M | 7.49M | 2.15M | 9.79M | 2.58M |
| Shareholders equity | |||||
| Common stock | 185,000 | 185,000 | 185,000 | 197,000 | 197,000 |
| Retained earnings | 378.92M | 329.47M | 225.08M | 166.33M | 209.04M |
| Other shareholders equity | 816,000 | 1.09M | -1.31M | -2.25M | -1.01M |
| Total shareholders equity | 403.42M | 377.13M | 349.70M | 290.64M | 350.11M |
| Additional paid in capital | 155.85M | 152.89M | 149.41M | 143.44M | 141.89M |
| Treasury stock | 132.35M | 106.50M | 23.66M | 17.07M | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | 55.23M | 108.68M | 60.73M | -42.72M | 8.48M | 42.50M | 55.44M | 16.84M | 42.09M | 17.81M | 5.24M | 6.07M | -14.27M | 3.29M | -25.03M | -53.39M | -16.73M | -1.38M | 5.19M | 3.38M | 12.16M | 12.12M | -6.66M | 11.88M | 22.28M | 18.28M | 13.70M | 8.98M | 9.30M | 7.30M |
| Depreciation | 69.94M | 57.51M | 53.88M | 65.48M | 80.53M | 75.86M | 72.42M | 71.65M | 62.01M | 49.04M | 44.46M | 48.14M | 53.00M | 56.10M | 47.99M | 61.29M | 51.80M | 43.23M | 39.77M | 41.46M | -43.04M | -49.50M | -56.32M | -38.88M | 35.66M | 32.08M | -27.40M | 22.78M | -16.80M | -9.40M |
| Deferred Taxes | 16.48M | 13.44M | 18.08M | -14.93M | 3.35M | 13.80M | -22.57M | 186,000 | 20.70M | 13.85M | 8.33M | 6.74M | -2.59M | 17.00M | -8.66M | -2.46M | 4.41M | 3.66M | -6.25M | -12.06M | -9.61M | -1.54M | -5.67M | 6.18M | 9.14M | 4.15M | 4.40M | 4.05M | 4.70M | 2.90M |
| Stock-Based Compensation | 7.10M | 6.59M | 9.06M | 2.27M | 819,000 | 5.18M | 1.20M | 1.38M | 1.50M | 1.39M | 381,000 | 1.28M | 1.23M | 1.12M | 695,000 | -55,000 | 489,000 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | 154,000 | 147,000 | 148,000 | 242,000 | 293,000 | 1.66M | -4.74M | 245,000 | -3.51M | -359,000 | 715,000 | 1.73M | 987,000 | 1.16M | -7.50M | — | 86.46M | 86.93M | 93.29M | 112.65M | 78.06M | — | -27,000 | 54.70M | 1.09M | 33.50M | 18.70M |
| Accounts Receivable | -22.42M | 39.47M | -36.54M | -60.85M | -6.71M | -27.20M | -23.67M | 21.21M | -28.12M | -17.00M | -4.31M | -10.42M | -4.35M | 1.02M | 9.95M | 7.02M | -7.63M | 14.45M | -4.84M | -9.45M | -4.19M | -1.32M | 16.61M | -3.97M | -11.97M | -12.60M | -2.60M | 3.01M | -19.60M | -5.80M |
| Accounts Payable | -9.19M | -6.22M | 12.93M | 19.83M | -15.51M | 19.23M | -3.43M | -5.12M | -10.56M | 5.56M | -6.29M | 3.82M | -8.45M | -4.42M | — | — | 400,000 | 2.19M | 278,000 | -6.83M | 1.34M | 11.78M | 10.74M | -228,000 | -6.61M | 1.10M | 2.80M | 1.71M | 200,000 | 2.30M |
| Other Assets & Liabilities | -317,000 | -193,000 | -204,000 | 1.09M | 410,000 | 168,000 | -252,000 | 24,000 | 398,000 | 316,000 | -168,000 | 61,000 | -130,000 | -477,000 | -110,000 | 286,000 | -4.62M | -6.54M | -5.48M | — | -356,000 | 9.60M | -522,000 | 97,000 | -750,000 | -571,000 | — | -1.17M | -1.60M | -600,000 |
| Operating Cash Flow | 116.82M | 219.28M | 117.94M | -29.67M | 71.51M | 129.68M | 79.39M | 106.45M | 89.67M | 66.22M | 47.89M | 52.18M | 24.08M | 74.34M | 26.55M | 13.68M | 29.29M | 48.11M | 28.66M | 102.95M | 43.23M | 74.44M | 70.81M | 53.14M | 47.74M | 42.41M | 45.60M | 40.45M | 9.70M | 15.40M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -125.78M | -47.47M | 8.85M | 28.23M | -91.66M | -13.46M | -62.05M | -47.29M | -147.68M | -84.90M | -83.97M | 15.74M | -49.48M | -82.27M | -62.76M | -62.31M | -10.78M | -61.47M | -43.93M | -32.44M | -25.88M | -56.35M | -30.76M | -20.32M | -55.02M | -52.54M | -26.40M | -38.92M | -55.50M | -50.20M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -220,000 | -1.25M | — | — | — |
| Net Acquisitions | -107.93M | -38.50M | — | 108.38M | — | -105.95M | — | — | — | 307,000 | -435,000 | -2.58M | -1.26M | — | -250,000 | -333,000 | — | -39.14M | — | — | — | — | -564,000 | -7.66M | -25.81M | -6.30M | -4.35M | — | — | — |
| Purchase of Investments | -2.20M | -241,000 | -13,000 | 1.44M | -1.37M | -1.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -7.94M | — | — | — | — | — | — |
| Sale of Investments | — | — | 1.51M | 1.44M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -235.92M | -86.21M | 10.34M | 139.49M | -93.03M | -120.90M | -62.05M | -47.29M | -147.68M | -84.60M | -84.40M | 13.15M | -50.50M | -82.27M | -63.01M | -62.98M | -11.11M | -100.61M | -43.93M | -32.44M | -25.88M | -56.35M | -31.33M | -41.22M | -80.83M | -65.13M | -31.95M | -38.92M | -55.70M | -50.20M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 293.93M | 155.38M | 644.87M | 75.59M | 1.84B | 1.70B | 1.39B | 1.09B | 983.51M | 1.12B | 1.02B | 26.40M | 85.15M | 97.77M | 8.88M | 450.90M | 62.84M | 167.19M | 122.00M | 57.03M | 72.00M | 85.00M | 54.00M | 174.12M | 93.50M | 84.00M | — | 3.00M | 84.00M | 39.00M |
| Long-Term Debt Payments | -164.27M | -77.70M | -715.54M | -1.64B | -1.79B | -1.70B | -1.40B | -1.14B | -936.42M | -1.16B | -967.96M | -93.96M | -72.72M | -90.03M | -70.52M | -164.32M | -85.95M | -129.77M | -93.89M | -66.51M | -93.88M | -100.04M | -99.52M | -179.63M | -62.50M | -92.09M | -18.70M | -40,000 | -41.90M | -51.10M |
| Other Financing Charges | -13.98M | -1.61M | -1.33M | -297,000 | -1.11M | -252,000 | -945,000 | -1.25M | -2.52M | -47,000 | -807,000 | -35,000 | -386,000 | -427,000 | 8.20M | -1.88M | -697,000 | -209,000 | 6,000 | -404,000 | -315,000 | — | -95,000 | -717,000 | 3.47M | 80,000 | -124,277 | -132,216 | — | 100,000 |
| Financing Cash Flow | 84.47M | -13.15M | -83.56M | -1.56B | 49.46M | 3.87M | -13.19M | -51.92M | 44.27M | 22.32M | 46.37M | -65.30M | 13.21M | 7.27M | -23.42M | 381.91M | -23.52M | 41.74M | 16.91M | -9.92M | -18.58M | -11.16M | -44.34M | -6.20M | 34.46M | 19.47M | -18.62M | 2.83M | 42.10M | 38.50M |
| Other Cash Details | ||||||||||||||||||||||||||||||
| End Cash Position | 2.29M | 68.67M | 8.41M | 8.41M | 43.59M | 23.13M | 15.36M | 7.75M | 4.49M | 21.33M | 9.26M | 6.85M | 3.90M | 9.36M | 12.22M | 6.30M | 4.50M | 5.41M | 3.62M | 5.07M | 3.31M | 42,000 | 383,000 | 2.29M | 1.05M | 2.93M | 2.61M | 3.49M | — | — |
| Income Tax Paid | 4.19M | 16.65M | 10.24M | 870,000 | 752,000 | — | — | 6.41M | 8.11M | 571,000 | 320,000 | 342,000 | 295,000 | 7.93M | 239,000 | 12.48M | 11.29M | 1.49M | 16.26M | 20.87M | 22.80M | 12.39M | 967,000 | 2.65M | 12.11M | 5.68M | 2.93M | 795,000 | — | — |
| Interest Paid | 5.32M | 3.31M | 2.76M | 7.37M | 11.03M | 8.57M | 8.27M | 8.45M | -8.37M | 10.92M | 10.33M | 12.97M | 16.24M | 16.71M | 13.02M | 9.30M | 11.97M | 7.49M | 4.26M | 3.03M | 2.33M | 4.02M | 7.88M | 10.41M | 5.82M | 6.02M | 6.15M | 5.91M | — | — |
| Free Cash Flow | -132.77M | 58.76M | 37.93M | -31.01M | -74.24M | 49.66M | -27.95M | -10.36M | -96.49M | -89.94M | -95.45M | 13.31M | -82.74M | -66.51M | -82.17M | -48.72M | -30.54M | -102.09M | -84.35M | -37.50M | -46.65M | -3.55M | 18.30M | -22.77M | -57.17M | -40.62M | -13.20M | -10.02M | -63.30M | -38.20M |
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